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The Trump administration will not enforce its own deadline for ByteDance to sell or establish the business of the video-sharing platform TikTok in the United States, according to Bloomberg.
The last deadline for this movement, given by the Committee on Foreign Investments in the United States (CFIUS) on November 28, was today December 4. An extension is not expected, although the current deadline is “ignored while talks continue” between the Trump administration and TikTok, Bloomberg reports.
CNN tech reporter Brian Fung corroborates that the United States will not enforce its own deadline, with his sources amusingly suggesting that the lack delay is proof that the United States is “very motivated»To end the sales discussion.
US officials are “very motivated” to complete the talks, the person said, and added that the lack of a new specific deadline is one indication.
– Brian Fung (@b_fung) December 5, 2020
The Trump administration has repeatedly argued that TikTok and ByteDance pose a risk to national security, and the US Department of Commerce issued an order to block downloads of TikTok in September. But Trump then said he approved an offer from Oracle and Walmart “in concept” to create a new US-based entity called TikTok Global, though it is unclear how this would address concerns about security risks. This deal also requires final approval from China, which has yet to be concluded.
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